The Chronicle of Higher Education

When Is a College Like a Bank?

A federal law regulating financial institutions poses puzzling security rules for academe

By DAN CARNEVALE

When Congress passed the Gramm-Leach-Bliley Act in 1999, college officials paid little notice. Higher education seemed to have little to do with a law that requires financial institutions, such as banks and investment companies, to protect customers' private information...

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